BNB, the native token of the BNB Chain, surged to a record high of $801 during early Asian trading hours on July 23, 2025. This milestone followed a significant 4% increase in the past 24 hours and a 14% gain over the preceding week, pushing BNB’s market capitalization beyond $110 billion and securing its position as the fifth-largest cryptocurrency by market cap.
The trading volume also soared, with daily turnover rising 42% to exceed $3.2 billion, signalling heightened investor activity and confidence in the asset.
Data from Coinglass highlights a notable rise in speculative interest around BNB futures and derivatives. Open interest in BNB futures climbed by 19.16% to reach $1.23 billion, while derivative trading volumes jumped 33.3% to $2.18 billion. Such increases typically indicate growing market optimism and fresh capital inflows, both from retail and institutional investors.
Institutional accumulation is a key driver behind this price surge. On July 22, Chinese Web3 infrastructure company Nano Labs Ltd revealed it had expanded its BNB holdings to 120,000 tokens, valued at approximately $90 million. These tokens were acquired through over-the-counter transactions at an average price of $707 each.
Nano Labs regards BNB as a strategic reserve asset and plans to continue building its position, including through further acquisitions and possible investments in entities focused on BNB assets. This institutional backing lends credibility to bullish forecasts, with analysts from CoinCodex projecting BNB could reach $1,100 by November 2025 if momentum and institutional support persist.
Notably, YZi Labs, a global investment firm managing over $10 billion in assets, has announced its support for 10X Capital’s establishment of the BNB Treasury Company, a new U.S.-based initiative focused on digital asset treasury management on the BNB Chain. This provides American investors direct exposure to BNB, the world’s fourth-largest digital asset, and expands institutional access to the BNB ecosystem.
The surge reflects renewed confidence in BNB’s utility and value within the expanding blockchain ecosystem, amplified by institutional interest and growing market participation.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
